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- LoopNet Team
820 S Spring St
Los Angeles, CA 90014
Tuck Hotel/ Bar Garcia | 820 S Spring · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
ABOUT 820 S SPRING ST , LOS ANGELES, CA 90014
The property is 100% leased to two tenants: Tuck Hotel/ Bar Garcia on a long term lease and the Billboard located on the rooftop on a lease that expires in 2019. Tuck Hotel is a 14-room boutique hotel located in DTLA’s fashion district. The hotel includes a ground floor restaurant/bar, Bar Garcia. The ground floor restaurant and bar consists of 3,250 sf. The property has a CUB for a type 47 liquor license allowing on-site consumption of a full line of alcoholic beverages. The Property went through a complete structural upgrade and remodel in 2016. Included in the structural work were new steel frames, foundations, supporting roof to floor beams and shear walls. The remodel also involved extensive interior and exterior improvements to create the hotel brand and experience. Property FAR is 6:1 allowing to build close to double the square footage of the property.
PROPERTY TAXES
| Parcel Number | 5144-016-047 | Improvements Assessment | $2,419,689 |
| Land Assessment | $4,374,583 | Total Assessment | $6,794,272 |
PROPERTY TAXES
